Swap Free trading

Swap Free trading is possible on a special FreshForex account where swap payment is not collected. On rollover you only pay a fixed commission which does not depend on interest rates. Muslim account is an excellent account type for both traders working on long-term strategies and muslim traders practising Shariah law. The Swap-free service or Islamic account is available on any trading account: Classic MT4, Market Pro MT4 and even professional ECN MT4.

The Swap-free (Islamic account) service is available on Classic MT4, Market Pro MT4 and ECN MT4 accounts.

A client activates the service on his own in the process of account's registration. The service is not available for earlier opened accounts.

The service cannot be deactivated on an account at the client’s instance. To refuse from this service, a client can open a new trading account.

When the Swap-free (Islamic accounts) service is activated, deduction (accrual) of swap does not take place. Upon that, the company deducts a fixed commission from the client's trading account for a rollover of opened positions through the night.

The commission is not collected for weekends (from Saturday to Sunday and Sunday to Monday).

Commission rates are specified in the table which is the integral part of the present Rules.

The company preserves the right to deactivate the service on a client's account at any time in its discretion having notified the client by the email specified during registration. In the case of deactivation of the service, the company starts to deduct (accrue) swaps based on regular trading terms specified on the company's website.

A client is not entitled to requesting for any kind of reassessment based on swaps accounted during the time when the service is active.

The company has the right to amend the present terms and conditions of Swap Free service and commission rate for currency pairs and CFDs at any time without a prior notification of a Client.

How to activate?

Swap-free trading account is often called Islamic or Muslim account as this account was created for traders who follow Islamic religion. According to the laws of Islam, and actually it is the Shariah law, any business operations, when one of the parties has to pay or receive a certain percentage from the other side, are prohibited. Islamic account is supposed those trades on any currency pair when transferring the position over midnight, a trader is not taken and no amount is charged despite a volume of an opened position. This account does not take into account an effect of swap and gives its owner the opportunity to hold positions opened indefinitely, without growing in a positive or negative direction of a commission for a trade transferring. In this case, the result of trading can be depended on a change in exchange rates by the given period. Due to this feature, this type of account has become popular not only in Islamic countries but also worldwide.

You do not need to do difficult and distressing activities to connect to this service. It is enough to open a new account and to choose the Swap Free option. That is all! You trade with no swaps and trade according your traditions or just habits.